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The necessity of switching to New Generation Payment Recording Devices (YN ÖKC) in Türkiye

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The Turkish Revenue Administration mandates that all retailers must replace their Old Generation Cash Register Devices (YN ÖKC) with New Generation Cash Register Devices (YN ÖKC) by July 1, 2024. Businesses must dispose of YN ÖKCs, avoid mobile EFT-POS devices, and instead implement secure, integrated EFT-POS-enabled YN ÖKCs or similar systems.

Retailers are required to partner with at least one financial provider to accept card payments, ensuring compliance with the Turkish Revenue Administration’s standards. EFT-POS-enabled YN ÖKCs will disable devices lacking the necessary integration. Non-compliance will result in penalties under the Tax Procedure Law. The new system ensures real-time online reporting to combat unregistered economy activity.

For those using Old Generation devices, replacing them by the deadline is essential, while mobile devices should be returned to providers, securing seamless EFT-POS support in retail.


Source: Revenue Administration
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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